Successful Placement to Grow Pipeline of Silver and Gold Targets

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Altitude Minerals Ltd (ASX: ATT) (Altitude or ‘the Company’) is pleased to announce the successful completion of a strongly supported placement. The funds raised will be utilised for the acquisition the Company’s new silver and gold targets at the Firenze Project in Nevada, USA, and drilling of copper and gold porphyry targets in the Macquarie Arc, NSW.

This exploration program complements the current drilling activities at the Company’s Eromanga Basin Project, which focuses on Heavy Mineral Sands, and it will provide the company a continuous stream of exploration activity and news flow over the rest of 2025 and into 2026.

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SUMMARY OF PLACEMENT

  • $2,500,000 Placement at 2.2 cents per share
  • Attaching 1 for 2 Option at 3.4 cents valid until 31 July 2027
  • Two tranche placement – second tranche subject to shareholder approval
  • 114M Shares and 80M Options expected total new securities
I’m very encouraged by and grateful for the strong support Altitude Minerals has received from both new and existing investors in this placement. The response to our project selection process and strategy of developing a pipeline of high-quality targets in good jurisdictions was overwhelmingly positive. Now, the exploration team and I look forward to going into the field to validate, refine, and test these targets. It’s not often you get the opportunity to test bonanza-grade veins with numerous rock chip samples grading up to 1,825 g/t silver and 44.3 g/t gold that outcrop at surface, let alone ones that have never been drilled.
Duncan Chessell
Managing Director
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Altitude’s exploration team conducting a reconnaissance trip at the Firenze Project.

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